Metro (OTCMKTS:MTRAF) Posts Quarterly Earnings Results

Metro (OTCMKTS:MTRAF) announced its quarterly earnings data on Tuesday. The company reported $0.83 earnings per share for the quarter, Zacks reports. Metro had a net margin of 4.63% and a return on equity of 14.84%.

Metro Price Performance

Shares of MTRAF opened at $71.10 on Tuesday. The firm has a market capitalization of $15.17 billion and a price-to-earnings ratio of 86.71. The firm’s fifty day simple moving average is $71.44 and its 200-day simple moving average is $71.04. Metro has a twelve month low of $61.01 and a twelve month high of $78.73. The company has a current ratio of 1.30, a quick ratio of 0.51 and a debt-to-equity ratio of 0.61.

Analysts Set New Price Targets

Several equities analysts have commented on MTRAF shares. BMO Capital Markets reissued an “outperform” rating on shares of Metro in a research report on Thursday, November 20th. Scotiabank reiterated an “outperform” rating on shares of Metro in a report on Thursday, November 20th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

About Metro

Metro AG, trading in the United States as an American Depositary Receipt under the symbol MTRAF, is a leading international wholesale company focused on supplying the foodservice and hospitality sectors. Through its METRO Cash & Carry division, the company operates self-service wholesale outlets that offer a broad assortment of food products, fresh perishables, non-food items and hotel and restaurant equipment. Metro’s business model caters exclusively to professional customers—hotels, restaurants, caterers and independent retailers—enabling them to purchase in bulk at competitive prices.

Founded in 1964 and headquartered in Düsseldorf, Germany, Metro has grown its footprint across Europe and Asia, serving customers in more than 30 countries.